The Strategist

New record: Market cap of world's 100 largest companies exceeds $ 20 trillion

08/16/2019 - 10:20

The current indicator grew by 5% from April 2018 to March.

The total capitalization of the hundred largest world companies for the first time exceeded $ 21 trillion, according to PricewaterhouseCoopers.

The market value of hundreds of enterprises under consideration increased by more than 5% compared with the last year. At the same time, experts note that the growth rate in 2018 was higher by almost 10 percentage points.

Such a significant gap can be explained by the fact that this year the increase in capitalization occurred at the expense of American companies, while Chinese and European companies stagnated or even decreased against the backdrop of trade wars and the uncertain prospects of Brexit.

As for the geographical distribution in the ranking, then more than half of the positions are taken by companies from the United States. They occupy the first five places of the list: these are Microsoft, Apple, Amazon, Alphabet, as well as Berkshire Hathaway investment holding. China and Europe are following with a significant margin.

It is noteworthy that the only European company that was able to get closer to the top 10 was the food producer Nestle, which ranked 13th.